Tips on Maximizing Social Security Benefits

​You might be approaching retirement age and you’re probably wondering how you can take full advantage of social security benefits. It is not uncommon for some people to be eligible for more than one program. That is why it is recommended that you’re doing research if you’re to get the best of Social Security. You could be doing research on rehabilitation Somerset county programs and how Social Security can assist with settling the bills. Here are some tips that will come in handy if you’re looking to make the most of social security benefits.

Social Security Disability

It should be noted that this is a different program from Social Security Retirement. That means it will not be possible to supplement retirement benefits when you’ve received a new diagnosis or suffered a severe injury. Eligibility for Social Security Disability is only possible when you’re fully retired which starts at age 66 for a lot of people.

You might be eligible for early retirement but illness is getting in the way of your work. You will be caught in the dilemma of applying for early retirement or going through the lengthy and rigorous process of applying for disability. Experts recommend applying for disability first before anything else. In the event that you’re approved for Social Security Disability, the benefits that you get on a monthly basis will be the same as what you would have received when you reached full retirement.

Survivor’s Benefit

There is eligibility for survivor’s benefits in the event your spouse passes away. This will only apply if you’re over 60 years old and have been married for more than a year. It is also applicable if you’re caring for a child that is under the age of 16. One way to take full advantage of the survivor’s benefit is to not to take it under your account. Instead, you should wait until you reach the age of 70. You will get 130% more of what you were originally entitled to with Social Security.

Determining Which Benefit to Receive
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It will be challenging to decide which benefit to receive first if you’re eligible for more than one program. It is important that you’re looking at your work history before making a decision. You might not have worked consistently in your adult life. Under such circumstances, it will make more sense to register for Social Security under a different record. You can now apply for benefits online which is convenient as you don’t have to visit the local office. You can complete the full application in under 15 minutes. The questions are straightforward and can easily be answered. You can also apply in a different language apart from English.

The full retirement age has been 65 for several years. For those that were born after 1959, the retirement age is set at 67. This is because of improved life expectancy and general health conditions. For more information on making the most out of your sunset years, you can check out https://www.fellowshipseniorliving.org/blog/maximizing-social-security-disability-benefits/

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